Being A Home Owner vs. Being A Renter

These few first time home buying tip will help you make firm decisions when it comes to staying or leaving your rental space that you have gotten some comfortable with calling home at each and every day.

For a quick glimpse check these “Buying” vs. “Renting” tips out:

PROS OF BUYING:

  • MONEY GOES TOWARDS YOUR PURCHASE
  • PRIDE OF HOME OWNERSHIP
  • POWER TO INCREASE VALUE
  • FREEDOM
  • POSSIBLY YOU CAN MAKE A PROFIT OF IT ONE DAY WHEN YOU GO TO SELL IT
  • LOTS OF TAX BENEFITS
  • POTENTIAL RENTAL INCOME ONE DAY IF YOU WANT TO RENT IT OUT AND MOVE ONTO A DIFFERENT INVESTMENT

If buying is something you are interested in you should absolutely follow these simple steps that are most commonly taken when going through the home buying process:

  • FIND THE RIGHT AGENT
  • PREPARE YOUR FINANCES
  • GET PRE-APPROVED
  • START SHOPPING
  • MAKE AN OFFER
  • ORDER AN INSPECTION
  • ORDER AN APRAISEL
  • SCHEDULE YOUR MOVE
  • CLOSING DAY!!

PROS OF RENTING:

  • EASY TO RELOCATE IF YOU WANTED TO LEAVE
  • YOUR LANDLORD IS RESPONSIBLE FOR REPAIRS RATHER THAN YOU AND ONLY YOU
  • NO PROPERTY TAXES OR INSURANCE
  • IT IS POSSIBLE TO FIND A FURNISHED RENTAL PROPERTY
  • CREDIT SCORE DOES NOT MATTER AS MUCH
  • YOU HAVE THE FREEDOM TO MOVE MORE OFTEN

If you need our assistance with setting goals we offer the support give us a call at 607-342-6761. We might not be able to help with the real-estate side of thing’s but we can most definitely sit down with you and go through the pros/cons/and whatever is left in between.